What two factors are necessary for demand?
a. desire for a good or service and its availability in the market
b. desire for a good or service and the ability to pay for it
c. the availability of a good or service and the ability to pay for it
d. familiarity with a good or service and the desire to pay for it
Ans: b. desire for a good or service and the ability to pay for it
Economics
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GDP does not directly include intermediate goods because
A) intermediate goods are not valuable. B) intermediate goods are not useful to consumers. C) that would count the intermediate goods twice. D) that would understate the true size of GDP.
Economics
The Masstricht treaty set the budget ratio to GDP to be ________ in order for countries to qualify to join the Euro area
A) below 3% B) below 4% C) below 5% D) below 6%
Economics